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WirelessDevNet.com Press Release
Ericsson Acquires Service Delivery Platforms Provider Drutt Corporation
Ericsson (NASDAQ:ERIC) announces it has signed an agreement to acquire
100 percent of the shares of Drutt Corporation, a world leading provider
of Service Delivery Platform (SDP) solutions. This deal represents yet
another step in Ericsson's ambition to become the leader in multimedia.
Telecom operators need solutions to provide consumers with new attractive
multimedia services and applications which can be created, launched, and
presented to consumers easily, reducing costs and time to market.
This is where service delivery platforms play an important role by
providing flexible tools for pricing and packaging, as well as uptake
and consumer behavior analysis.
Jan Wäreby, Senior Vice President Multimedia, Ericsson, says: "Being such
an innovative and focused company, with close to 70 percent of its
workforce dedicated to R&D and service delivery, Drutt adds an important
piece to the Ericsson SDP strategy."
"Ericsson is already the leader in the fast growing SDP market. By
acquiring Drutt, we will be even better positioned to support our
customers to offer a better consumer experience by adapting content for
the individual, and making it attractive to use," he added. "Our
combination will provide operators with integration-ready platforms, thus
reducing system integration complexity".
Drutt's flagship solution - MSDP (Mobile Service Delivery Platform)
offers an end-to-end multi-channel solution for establishing a profitable
mobile service delivery business helping operators mobilize and charge
for any content to any kind of mobile device, over any mobile network and
delivery channel.
Today, Drutt's MSDP is commercially deployed in more than 60 telecom
operators in 35 countries, managing millions of transactions every day.
Drutt Corporation has subsidiaries in Sweden, China, Canada and Mexico
and is owned by Provider Venture Partners Funds, TeliaSonera and certain
employees. The company employs about 85 people and more than 90 percent
of the employees reside in Sweden, where the global operations are
located.
The transaction is conditioned upon approval by the relevant competition
authorities and upon board approval by TeliaSonera AB (publ). The
transaction will be closed through a direct purchase of 100 percent
of Drutt's shares.
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